Lines drawn for Canadian Pacific showdown A vicious months-long proxy fight over the future of Canadian Pacific Railway Ltd.
culminates this week as the combatants converge on Calgary.

Bankruptcy for Ally’s ResCap Ally Financial is finally
loosening itself of its mortgage division Residential Capital, which has been a weight on the company’s more profitable areas. The move may allow Ally to go public, and the U.S. government to rid itself of some of its 74 per cent stake.

Is Yahoo’s interim CEO a long-term solution? With former CEO Scott Thompson out of the hot seat after just four months, the company will rely on its head of global media
Ross B. Levinsohn in the interim. But with Levinsohn’s deal-making expertise, connections and diverse experience this could be a permanent fix.

Shale writedown could be ahead for BHP Falling gas prices in the U.S. may force BHP Billiton to
write down the book value of its shale assets. The company says it will put its focus on developing liquids in 2013 to combat lower gas prices.

Goodbye Greece? As a Greek exit from the euro zone
looks increasingly likely and the euro weakening, officials and experts try to plan ahead.